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The analysts forecast the Global Business Jet market to grow at a CAGR of 9.40 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increased number of billionaires across the world. The Global Business Jet market has also been witnessing an increased demand for business aircrafts from emerging economies. However, the increased direct operating cost could pose a challenge to the growth of this market.

The report, the Global Business Jet Market 2012-2016, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Global Business Jet market landscape and its growth prospects in the coming years. The report also includes a discussion of the key vendors operating in this market.

The other vendors mentioned in this report are Airbus SAS, Embraer S.A, Hawker Beechcraft Corp., and The Boeing Co.

Key questions answered in this report:- What will the market size be in 2016 and at what will be the growth rate?- What are key market trends?- What is driving this market?- What are the challenges to market growth?- Who are the key vendors in this market space?- What are the market opportunities and threats faced by key vendors?- What are the strengths and weaknesses of each of these key vendors?

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Commenting on the report, an analyst from the Automotive team said: “The steady economic growth in emerging economies has had a positive impact on rising demand for business jets in these countries. Continuous economic growth in emerging economies has improved the financial status of the people in these countries, leading to an increase in their per capita income and disposable income. In addition, the increasing corporate profitability in developing countries is expected to propel the demand for business jets. Moreover, the growing contribution of emerging economies in the global GDP is also propelling the demand for business jets. For instance, in 2012, emerging economies accounted for 28 percent of the global GDP. By 2030, the emerging economies are expected to account for 40 percent of the global GDP. Thus, the increasing demand from the emerging economies is a trend that is expected to have a positive influence on the growth of the market.”

According to the report, one of the major drivers in this market is the increasing number of billionaires worldwide. A majority of the business jets are purchased and owned by billionaires, thereby propelling the growth of the market. Another major driver is the increase in business jet order backlogs. The increasing order backlogs are expected to benefit vendors and OEMs, which augurs well for the growth of the market during the forecast period.Further, the report states that one of the major challenges in this market is the increasing direct operating cost of business jets. The high operating cost is expected to deter potential customers from buying business aircraft, thereby inhibiting the growth of the market.

The report also includes a discussion of the other vendors operating in this market. The other vendors in the market are Embraer, Hawker Beechcraft Corp., Airbus SAS and The Boeing Co.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

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